"AskTony" column archive

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HRA without health insurance

originally posted: 11/22/2006 reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.

Q: Can a Health Reimbursement Arrangement be setup without having a health insurance plan?

A: Yes. There is no required relationship between heath insurance and an employer-provided health reimbursement arrangement (HRA). On the other hand, it would not make sense to prohibit employees from using HRA funds to cover their health insurance costs. Business owners and key employees will prefer to keep the insurance payments entirely outside of and apart from the HRA in order to maximize their tax-free benefits since insurance is already tax-free. See the articles and information at http://www.freedombenefits.org/hra.htm .

Summary

More resources:

http://www.freedombenefits.org